1 of the hardest being a futures broker is when client A call in place a long order, meanwhile client B call in afterward place a short order. In world of futures market, there is no win win situation, only those smart people able to win the money, so in this case either 1 of my client will win. When giving advise to both of client A and B, what can I do is just emphasize on cut loss for the loser while advise remember to set a stop profit for the winners. I wonder how will other broker feel when they encounter this kind of situation? I would say that it is a conflict that easily happen for a broker and I find that it quiet hard to me when facing it.
I found that most of the clients like to predict the market rather follow the market. In other words, when they expecting the market is going to collapse, they will don't care whatever price, just insist to short the market only. For this kind of clients, they carrying a mind which the market must follow exactly what they think, cause they think they are always right. As a result, when the market start going up, they just keep hold on their position or even further short, however, this make they fed up with the futures trading. The message that I would like to pass to this kind of clients is that the only way of winning in futures is not necessary to be good predictor but be a fast responder is a must to survive in the market. Bear in mind, nobody can predict what will happen in the next day, so prediction is not the key to win, respond only can make u keep staying alive in the market. No matter long or short also doesn't matter, the most important is what will you do when you at the wrong side. Cut? Hold on? Average? For novice trader, 2nd and 3rd option always is their favorite choices, however cut is also 1 of the hardest part in futures trading and again only the top traders able to do it without mercy only. Lastly, always be a responder!! Always respond to the market, when something goes wrong, just cut!!! Cut really is not that easy, but I would say that it is the most important part to follow....
I found that most of the clients like to predict the market rather follow the market. In other words, when they expecting the market is going to collapse, they will don't care whatever price, just insist to short the market only. For this kind of clients, they carrying a mind which the market must follow exactly what they think, cause they think they are always right. As a result, when the market start going up, they just keep hold on their position or even further short, however, this make they fed up with the futures trading. The message that I would like to pass to this kind of clients is that the only way of winning in futures is not necessary to be good predictor but be a fast responder is a must to survive in the market. Bear in mind, nobody can predict what will happen in the next day, so prediction is not the key to win, respond only can make u keep staying alive in the market. No matter long or short also doesn't matter, the most important is what will you do when you at the wrong side. Cut? Hold on? Average? For novice trader, 2nd and 3rd option always is their favorite choices, however cut is also 1 of the hardest part in futures trading and again only the top traders able to do it without mercy only. Lastly, always be a responder!! Always respond to the market, when something goes wrong, just cut!!! Cut really is not that easy, but I would say that it is the most important part to follow....
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